VRB HANGARS INC (EIN 650775328) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1997

Legal Domicile

Principal Officer

MICHAEL SIGILLITO

Phone

3172921563

Tax Period

2023-07-01 to 2024-06-30

VRB HANGARS INC, founded in 1997, is a small nonprofit in the Recreation & Sports sector that reported $124K in total revenue in fiscal year 2023. Expenses of $110K left a modest 11% surplus.

Mission

TO PROVIDE A MEANS IN PERFORMING MAINT., PAY GROUND RENT, R.E. TAXES AND INS. ON COMMON GROUND LEASED BY THE ORGANIZATION AND PERFORM ANY OTHER ACTIVITY THAT WOULD BE IN THE BEST INTEREST AND PROTECTION OF THE RIGHTS OF MEMBERS AND THEIR FAMILIES.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $124,151

Program Service Revenue $0

Investment Income $3

Other Revenue $0

TOTAL REVENUE $124,154

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Other Expenses $110,499

TOTAL EXPENSES $110,499

Year-over-Year Comparison

	2023	2022	Change
Revenue	$124,154	$118,161	+0.1%
Expenses	$110,499	$113,707	0.0%
Net Income	$13,655	$4,454	+2.1%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
RANDY GROOM	TRUSTEE/DIRE	N/A	Director	$0	$0	$0
BOB JACOBS	TRUSTEE/DIRE	N/A	Director	$0	$0	$0
CODY ESTES	VICE PRESIDE	N/A	Officer	$0	$0	$0
PATRICK HATCH	PRESIDENT	N/A	Officer	$0	$0	$0
MICHAEL SIGILLITO	TREASURER	N/A	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	No data	No data	No data	No data
2024	$124,154	$110,499	$41,131	$13,655
2023	$118,161	$113,707	$27,476	$4,454
2022	$107,962	$100,257	$23,022	$7,705
2021	$97,796	$91,606	$15,317	$6,190
2019	$68,203	$57,855	$14,702	$10,348

VRB HANGARS INC